Entain Plc (LON:ENT) Receives Consensus Rating of “Buy” from Analysts

Shares of Entain Plc (LON:ENT) have been given an average rating of “Buy” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is GBX 1,103.80.

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. upgraded Entain to an “overweight” rating and dropped their price objective for the company from GBX 1,150 to GBX 1,090 in a research note on Tuesday, December 2nd. Citigroup lowered their target price on shares of Entain from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Entain from GBX 1,158 to GBX 1,029 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Shore Capital Group restated a “buy” rating on shares of Entain in a report on Thursday, March 5th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,200 price objective on shares of Entain in a research report on Tuesday, January 20th.

Insider Buying and Selling at Entain

In other Entain news, insider Ricky Sandler bought 621,384 shares of Entain stock in a transaction dated Friday, January 2nd. The stock was bought at an average cost of GBX 767 per share, with a total value of £4,766,015.28. 7.42% of the stock is owned by insiders.

Entain Trading Down 3.4%

Shares of Entain stock opened at GBX 548.60 on Friday. The stock has a fifty day simple moving average of GBX 631.42 and a 200 day simple moving average of GBX 742.79. Entain has a 12-month low of GBX 452.50 and a 12-month high of GBX 1,031.50. The company has a market capitalization of £3.51 billion, a P/E ratio of -6.39, a price-to-earnings-growth ratio of 0.92 and a beta of 0.90. The company has a current ratio of 0.52, a quick ratio of 0.74 and a debt-to-equity ratio of 448.61.

Entain Company Profile

Entain plc (LSE: ENT) is a FTSE100 company and is one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis.

The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US.